A decrease in deposit interest rates has been recorded in a number of banks from the beginning of April.

Deposit interest rates are expected to remain low until the middle of 2024, with a slight increase anticipated thereafter due to higher credit demand, analysts said.

VOV.VN - Prime Minister Pham Minh Chinh has asked the State Bank of Vietnam to apply a flexible monetary policy, especially in credit and interest rate management, in order to support business operations and the national economy as a whole.

VOV.VN - The domestic SJC gold price on March 9 morning continued its upward trajectory, reaching VND82.2 million per tael to surpass its all-time records.

VOV.VN - Domestic gold prices set a new record on March 7 as they hit VND82 million per tael for SJC gold bars and VND68.8 million per tael for gold rings.

VOV.VN - Vietnam will enjoy favourable conditions to fuel its economic recovery this year despite the global moderate growth forecast, said Paulo Medas, head of the International Monetary Fund (IMF) team to Vietnam.

Since the beginning of the year, numerous banks have launched attractive credit packages with low interest rates, some even as low as 0% per year, easing the financial burden for customers seeking additional capital, particularly during the time leading up to Tet (Lunar New Year holiday).

Vietnam Airlines group for the fourth quarter of 2023 achieved improved indicators and recorded a profit from transportation activities, according to its financial report released on January 31.

Credit growth will be the main focus for the banking industry in 2024, as it is closely related to economic growth, according to analysts.

Deposit interest rates at four major banks of Vietnam were adjusted sharply, down by 0.4% per year from the previous listings, bringing the rate to 1.8% per year at the lowest.